ETH Holders Face Huge Losses As Ethereum MVRV Plummets to 0.87, Lowest Since 2022

Ethereum’s MVRV ratio has dropped significantly in recent times. In a post on the social media platform X, IntoTheBlock has shown that the Ethereum MVRV currently stands at 0.87. This level is also the lowest Ethereum has seen since December 2022. Given this update, concerns are going around that we may be approaching the ETH bottom.

What Does the MVRV Reveal

The MVRV ratio compares Ethereum’s market cap to its realized cap. In this case, the realized cap is calculated by assuming that the latest transaction value is the true value of ETH. A ratio above 1 suggests that investors are in profit. On the other hand, a ratio below 1 indicates losses in the market. The drop to 0.87 in the Ethereum MVRV shows that there are significant unrealized losses across the Ethereum network. This level was last seen during the market crash of late 2022, when Ethereum prices failed to recover from the market downturn. 

Could This Be An ETH Bottom Signal?

In the past, low Ethereum MVRVs have corroborated price bottoms in the crypto markets. When most holders are facing losses, selling pressure eases out as fewer investors are motivated to liquidate their positions for profit. This situation is a conducive environment for price stability and future recovery for Ethereum. While the current Ethereum MVRV ratio may be low, it cannot be speculated how long the bearish trend will last. The Ethereum network has already been facing issues – falling activity on its Layer-1 network and whales liquidating their ETH holdings. Given these conditions, it is difficult to ascertain when ETH will be out of these testing times.

With ETH’s woes increasing day by day, investors are closely watching the Ethereum price action to find out the current patterns and trends. Let us also take a look at Ethereum’s performance over the last 24 hours and make a realistic price prediction for today.

ETH Price Analysis: ETH Recovery Meets Stern $1,620 Resistance

ETH began trading at $1,581.64. The buying pressure was rising, and a golden cross led the Ethereum price upward. By 1:20, Ethereum climbed to $1,613, with the RSI reading almost overbought. Given that, a death cross soon formed on the MACD, and ETH fell to $1,529. It seemed to start a trend reversal, but rejection at $1,560 led ETH to plunge. This dive took ETH to $1,424, corroborated by the massive death cross on the MACD. With ETH now oversold, the trend reversal occurred shortly after. The uptrend took ETH to $1,520, where it seemed to face some resistance. 

Chart 1: published on TradingView, April 8, 2025

Soon enough, at 13:45, a big golden cross formed as ETH skyrocketed from $1,494 to $1,603, its first break above $1,600 in a few days. With overbought conditions prevailing, the trend reversal and ETH eventually found support at $1,527.77. As the EMAs continued to interact with each other, a gradual uptrend formed, leading ETH to $1,542 by 1:15 UTC on April 8. Around the same time, a golden cross formed as ETH climbed to test the $1,610 resistance. As of the last update, ETH was on its way to the test $1,542 support level.

ETH Price Prediction: Can ETH break $1,610 Today?

ETH’s road so far in 2025 has been rocky, with stable downtrends dominating its price action. The ‘Black Monday’ crash has also affected ETH dearly. While it has been able to make some recovery today, it is still far away from its anticipated bull run. As of now, the EMAs are coinciding with each other, which means no clear trend reversal will be seen for a while. The slow downtrend will make ETH test support in the coming few hours. If the support is broken, a new support level may be formed between the $1,500 – $1,520 range.